Being innovative thinkers, the GoldCoin team understood that moving forward would require moving backwards a bit. Hence, the inception of the Reverse Bitcoin Hardfork (RBH). As an already globally recognized brand with exclusive features, GoldCoin (GLC) decided to create this process that rounds up the best of Bitcoin’s features and fractured coins and merges them back into the original blockchain. This process will occur through the RBH, and this merge will offer the world a digital currency they can enthusiastically get behind.

To achieve this colossal feat, GoldCoin called upon legendary blockchain developer Peter ‘Bushstar’ Bushnell, to fill the role of the lead developer of RBH’s technology. He and the team have worked diligently to unlock the Bitcoin blockchain through the deployment of a broad spectrum solution—one will offer the combined network capacity of Bitcoin Core, Bitcoin SV and Bitcoin Cash. In culmination these will meld together onto one GoldCoin brand called the ‘Satoshi Chain.’

This pioneering fork is like no other, and will deliver both on-chain and off-chain scaling, 32MB blocks, 2 minute block times, SegWit and Lightening Network integration 0-Conf transactions, 10 million free daily transactions, enhanced difficulty adjustment capabilities and much more. Just as with previous Bitcoin hard forks, every Bitcoin owner will become a new owner of GoldCoins (GLC).

“Some time before the fork date the Bitcoin blockchain will be taken with all its history at that point in time, the GLC UTXO will be added to the top of that chain over the next 10 blocks or more if needed. Then the chain and clients will be released for the new superset chain.” – Peter Bushnell, RBH Lead Developer

GoldCoin Team Leader, William Coogan, recently announced that things are on schedule for the planned full release of the RBH in the third quarter. “The new GoldCoin blockchain that traces back to the genesis block of Bitcoin has been running successfully on Testnet since early March”. The entire RBH will go live once work is completed on the electrum wallet and mobile apps, and users will be notified the moment everything comes online.

Current GoldCoin holders should look forward to this exciting announcement in the near future, while those considering entering digital currency will find this a perfect time to get in on the modern day ‘gold rush.’ Learn more about the GoldCoin Reverse Fork in this comprehensive whitepaper. With talks to have the blockchain added to the supported coins of hardware wallets made by Altrean, Legend and Trezor, there’s never been a better time to get on board with GoldCoin.

The Goldcoin CommunityGoldCoin is a peer-to-peer cryptocurrency that finally delivers on the promises of decentralization. It’s completely built and maintained by a team of dedicated volunteers who firmly believe in promoting economic freedom. Thanks to these principles and a focus on game-changing usability features, like two-minute confirmation speeds and instant 0-Conf transactions, GoldCoin is fundamentally changing how cryptocurrency and economies operate.

Unlike the securities, stock options, profit sharing and other opportunity plans of centuries past, this is more than just a new way to secure wealth: It’s a proven system where awards are based on math alone.